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Silver: Continues to See Sellers
The silver market fell again on Tuesday, as silver seemingly cannot get out of its own way at this point. The silver market fell almost immediately at the open on Tuesday and just continued to collapse. All things being equal, I think this is a market that continues to look at the $60 level as significant support, and therefore, it makes a certain amount of sense that we find ourselves testing it again. If we were to break down below the $60 level, that would obviously be a very negative turn of events. If we break down below there and perhaps even the $59 level, then it opens up a trapdoor to reach the $50 level. ... (full story)
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- Jun 24, 4:59am | 4 hr ago Posted byTechnical Analysis70
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